Saturday, January 21, 2023

CRIMINAL CAPITALI$M

Elizabeth Holmes bought one-way ticket to Mexico, prosecutors say

A new court filing by the U.S. government opposing Elizabeth Holmes’ motion for release pending appeal shows that Holmes bought a one-way ticket to Mexico set to leave weeks after her fraud conviction.

Holmes, founder of the shuttered blood testing company Theranos, was convicted on Jan. 3, 2022, on four counts of wire fraud for defrauding investors out of millions of dollars. She was acquitted on four other charges and a mistrial was declared in three other charges.

Holmes was sentenced last November to over 11 years in prison and has appealed that decision. In response to her motion for release, prosecutors said in their filing Thursday that she purchased an airline ticket to Mexico scheduled to leave shortly after being convicted last January with no scheduled return.

PHOTO: Former Theranos CEO Elizabeth Holmes, Nov. 18, 2022, in San Jose, Calif. (Justin Sullivan/Getty Images)

MORE: Theranos founder Elizabeth Holmes sentenced to just over 11 years in prison

Prosecutors said in their filing that "the government became aware on January 23, 2022" that Holmes had booked a flight to Mexico to depart on January 26, 2022, without a scheduled return trip which was only cancelled after the government raised the unauthorized flight with the defense.

Holmes' partner Billy Evans had flown out on Jan. 26, 2022, and didn't return for six weeks.

MORE: Lawyers give closing arguments in Elizabeth Holmes trial, say she chose 'fraud over business failure'

"The government anticipates Defendant will note in reply that she did not in fact leave the country as scheduled – but it is difficult to know with certainty what Defendant would have done had the government not intervened," the filing states.

The government adds that Holmes failed to meet the burden of proving she was not a flight risk.

The government emailed Holmes' legal team upon becoming aware of the potential trip to which they replied on the same day that "The hope was that the verdict would be different and Ms. Holmes would be able to make this trip to attend the wedding of close friends in Mexico."

The email, obtained by ABC News, continues that "Given the verdict, she does not plan to take the trip — and therefore did not provide notice, seek permission, or request access to her passport (which the government has) for the trip. But she also had not yet cancelled the trip, amidst everything that has been going on. We will have her do so promptly and will provide you confirmation…"

Holmes' surrender date, April 23, is almost six-months from when the judge delivered her sentence because she had informed the court that she became pregnant with her second child between the guilty verdict and the time of her sentencing hearing. The government argues Holmes already has had a "generous" amount of time before having to report to prison and therefore the court should not grant her motion for release pending her appeal which is a process that could last years.

The government also notes that while facing these serious felony charges awaiting her sentencing, Holmes has lived on an estate "with reportedly more than $13,000 in monthly expenses for upkeep" and alleges that Holmes "continues to show no remorse to her victims."

"There are not two systems of justice—one for the wealthy and one for the poor—there is one criminal justice system in this country. And under that system, the time has come for Elizabeth Holmes to answer for her crimes committed nearly a decade ago, as found by a jury made up of a fair cross section of individuals from this community, and to begin serving the term of imprisonment imposed by this Court as sufficient but not greater than necessary to account for those crimes," the filing states.

Elizabeth Holmes bought one-way ticket to Mexico, prosecutors say originally appeared on abcnews.go.com

Disgraced Theranos founder Elizabeth Holmes tried to ‘flee’ US after conviction, prosecutors claim




Graeme Massie
Fri, January 20, 2023 

Elizabeth Holmes tried to flee to Mexico after the disgraced Theranos founder was convicted of fraud, according to federal prosecutors.

Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico last January, prosecutors state in a new court filing.

The former Silicon Valley star was convicted in January 2022 of defrauding investors while running her blood-testing startup. She was sentenced in November to 11 years in prison and has appealed her conviction.

The fleeing claim was made as prosecutors argued that she should begin her prison sentence immediately rather than wait to surrender herself into custody by April 27.

Prosecutors used the Mexico incident as an example of why they are not convinced Holmes is not a flight risk.

Court papers state that Holmes bought a flight to Mexico that was set to leave the US on 26 January 2022, with no scheduled return trip.

The US government became aware of the booking on 23 January 2022, the motion reads.

“Only after the government raised this unauthorized flight with defense counsel was the trip canceled,” the filing states.

“The government anticipates (Holmes) will note in reply that she did not in fact leave the country as scheduled—but it is difficult to know with certainty what (Holmes) would have done had the government not intervened,” prosecutors said.

The filing includes an email from her lawyers stating that Holmes made the booking before the trial verdict and that she planned on attending a wedding of friends in Mexico.

“There are not two systems of justice – one for the wealthy and one for the poor – there is one criminal justice system in this country,” prosecutors stated in the filing.

And they added that “under that system, the time has come” for Holmes to serve her sentence.

Theranos was once valued at $9bn with Holmes falsely claiming the company had developed technology to test a drop of blood for hundreds of conditions.


No comments: